Interface, Inc. (NASDAQ:TILE) Shares Acquired by Virtus Investment Advisers Inc.

Virtus Investment Advisers Inc. boosted its position in Interface, Inc. (NASDAQ:TILE - Free Report) by 58.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,520 shares of the textile maker's stock after purchasing an additional 14,520 shares during the quarter. Interface makes up approximately 0.8% of Virtus Investment Advisers Inc.'s investment portfolio, making the stock its 25th largest holding. Virtus Investment Advisers Inc. owned about 0.07% of Interface worth $962,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Interface by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 6,116,464 shares of the textile maker's stock valued at $148,936,000 after purchasing an additional 246,726 shares in the last quarter. American Century Companies Inc. raised its stake in Interface by 12.3% in the 4th quarter. American Century Companies Inc. now owns 1,992,296 shares of the textile maker's stock worth $48,512,000 after acquiring an additional 218,113 shares during the last quarter. Hood River Capital Management LLC purchased a new position in Interface in the 4th quarter worth $28,897,000. Prudential Financial Inc. raised its stake in Interface by 25.9% in the 4th quarter. Prudential Financial Inc. now owns 676,030 shares of the textile maker's stock worth $16,461,000 after acquiring an additional 139,150 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Interface by 11.6% in the 4th quarter. Northern Trust Corp now owns 665,537 shares of the textile maker's stock worth $16,206,000 after acquiring an additional 69,417 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

Insider Transactions at Interface

In related news, Director Daniel T. Hendrix sold 7,500 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $19.95, for a total transaction of $149,625.00. Following the completion of the sale, the director now directly owns 96,147 shares in the company, valued at approximately $1,918,132.65. This trade represents a 7.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TILE shares. Wall Street Zen upgraded Interface from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th. Barrington Research reiterated an "outperform" rating and issued a $30.00 price objective on shares of Interface in a research note on Friday, May 2nd.

Interface Stock Performance

NASDAQ TILE traded down $0.44 during mid-day trading on Thursday, reaching $19.79. 234,965 shares of the stock were exchanged, compared to its average volume of 511,137. The business's 50 day moving average is $19.45 and its 200-day moving average is $22.26. Interface, Inc. has a 1 year low of $14.13 and a 1 year high of $27.34. The company has a market capitalization of $1.16 billion, a P/E ratio of 13.84, a P/E/G ratio of 0.96 and a beta of 1.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.38 and a current ratio of 2.57.

Interface (NASDAQ:TILE - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. The business had revenue of $297.41 million for the quarter, compared to the consensus estimate of $297.11 million. Interface had a net margin of 6.49% and a return on equity of 19.91%. The company's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. On average, equities research analysts forecast that Interface, Inc. will post 1.37 EPS for the current fiscal year.

Interface Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Friday, May 30th. Interface's dividend payout ratio is currently 2.76%.

Interface Company Profile

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.